Marblegate Acquisition Corp. (NASDAQ:GATE - Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,800 shares, a decrease of 10.0% from the December 15th total of 2,000 shares. Currently, 0.3% of the company's stock are sold short. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 3.0 days.
Marblegate Acquisition Stock Performance
Shares of Marblegate Acquisition stock remained flat at $10.86 during midday trading on Friday. The business's 50 day moving average price is $11.03 and its 200 day moving average price is $10.98. Marblegate Acquisition has a 12 month low of $10.40 and a 12 month high of $12.30.
Institutional Trading of Marblegate Acquisition
A hedge fund recently raised its stake in Marblegate Acquisition stock. Clear Street LLC raised its holdings in shares of Marblegate Acquisition Corp. (NASDAQ:GATE - Free Report) by 162.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,756 shares of the company's stock after purchasing an additional 12,848 shares during the period. Clear Street LLC owned approximately 0.18% of Marblegate Acquisition worth $224,000 at the end of the most recent quarter. Institutional investors own 9.39% of the company's stock.
Marblegate Acquisition Company Profile
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Marblegate Acquisition Corp. does not have significant operations. The company focuses on effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies primarily in the education, business services, consumer products, and healthcare sectors.
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